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Summary:

CoTweet, a Twitter application made with businesses in mind, announced today that it received $1.1 million in funding, joining a small — yet growing — group of Twitter-focused startups that have received investor financing. The investors behind CoTweet include Baseline Ventures, First Round Capital, Founders Fund, […]

cotweetCoTweet, a Twitter application made with businesses in mind, announced today that it received $1.1 million in funding, joining a small — yet growing — group of Twitter-focused startups that have received investor financing. The investors behind CoTweet include Baseline Ventures, First Round Capital, Founders Fund, SV Angel, Maples Investments and Freestyle Capital.

CoTweet, which publicly launched in beta today, is a collaboration platform that lets multiple people at a company send tweets on up to six corporate Twitter accounts and keeps the messages in sync across all the accounts. The San Francisco-based upstart is the newest member in the small club of funded Twitter-focused startups, which altogether have been backed with quite a chunk of cash. As of June, ChubbyBrain found that VC firms and angel investors have invested around $23.3 million in 11 Twitter-related startups, including Stocktwits, Twitvid and Twitterfeed.

The CoTweet platform works with Bit.ly, a URL shortener created by New York-based incubator Betaworks, which received $2 million in funding back in March. CoTweet’s clients already include big corporate players such as Whole Foods, JetBlue and Microsoft — not bad for a year-old startup.

  1. Congratulations to the CoTweet team!

    Great news for CoTweet, and the industry as a whole. This news definitely validates all the work we are doing to create the tools to make it easier for social media teams to monitor and manage online conversations.

    Congrats!

    -Todd & the ChatterBox team

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  2. they really should do something with http://www.rakedin.com — a match made in web heaven:)

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  3. Congrats to the Cotweet team for creating a really useful application for businesses wanting Twitter-style real interaction.

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  4. [...] CoTweet Pulls in $1.1M, Joins Club of Funded Twitter-Focused Startups >> GigaOm [...]

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  5. Continued opportunities abound on the coat tails of Twitter and these guys sound like another great fit! GO GUYS!!

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